NEW JERSEY (January 20, 2021) – Prestige Capital Finance, LLC recently delivered $500,000 in growth capital to a distributor of air ventilation products to meet COVID building protocols. Given the early stage of the business, capital was required to deliver goods.
Already in the construction industry, this New York-based company decided to branch out to supply General Contractors with products that promote safety, cleanliness and wellness. With demand high from existing clients, orders came quickly. The company, in need of fast financing, reached out to a trusted advisor who referred Prestige Capital. Funding was provided within a week to keep cash flow going.
“Prestige is delighted to fund early stage companies,” said Stuart Rosenthal, President of Prestige Capital. “Equity is not the only option for fast-growth companies. Invoice financing can accelerate growth for start-ups that have relationships with larger companies.”
Last year, Prestige Capital funded a record number of companies across a broad range of industries. Through referral partners, Prestige was able to deliver tens of millions of dollars in financing to high growth companies and companies that pivoted during the pandemic.
About Prestige Capital
For over 34 years, Prestige Capital has helped nearly one thousand Early Stage and Mid-Size companies grow or turn around their businesses by providing more than $4 billion in cash advances, converting accounts receivable into immediate working capital. Visit www.prestigecapital.com or call 877-944-4455 to learn more.